Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

European Shareholders Lack Influence

Global Glimpses | September 2, 2010

The European Commission should not overestimate the role that shareholders can play in corporate governance improvement, according to a body that represents big pension funds.

A recent Commission green paper on governance reform said institutional shareholders were partly to blame for the financial crisis because they hadn’t performed their ownership role properly. It also said too many of them weren’t interested in corporate governance.

But the European Federation for Retirement Provision (EFRP), which speaks for national pension industry associations, has rejected that analysis.

“In our view most pension funds take responsible investing and active ownership very seriously,” it said in its...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.